Wall Street closes at a record for the first time since end of January
Dafna Sarnoff, Chief Marketing Officer of CarGurus, Inc. (NASDAQ:CARG), sold 5,445 shares of Class A Common Stock on April 2, 2026, at a price of $33.04, for a total value of $179,902.
Following the transaction, Sarnoff directly owns 134,369 shares of CarGurus, Inc. The sale was executed under a Rule 10b5-1 trading plan.
In other recent news, CarGurus reported a 15% year-over-year growth in total revenue for the fourth quarter, surpassing consensus estimates by approximately 1%. This development follows the company’s recent financial disclosures and forward outlook. Despite this positive revenue performance, DA Davidson lowered its price target for CarGurus to $33.50 from $37.50, maintaining a Neutral rating. The firm adjusted its 2026 EBITDA estimate due to margin outlook concerns.
Additionally, the company’s stock experienced a rise as concerns about artificial intelligence competition in the software sector began to ease. Huber Research defended CarGurus amidst previous declines caused by threats from Anthropic in the software space. These recent developments highlight the evolving landscape and investor sentiment surrounding CarGurus.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.